The Global Recession Shaping The Organization’s Thirst (AN OBSERVATION)

This was a disaster when the hurricane hit the economic shores of almost all the countries. It has been a great plunge of depression and downturn everywhere. Many of us started comparing the eventful disaster with 2001-2002 crisis and later realized that this time it is not only IT but also finance and manufacturing industries those are majorly hit.

It is obvious, like any other sphere of life the economy also rests on a spinning wheel hence you see both ups and downs. Now the question is all about how much predictable the falls and ups are? Some says the probability of the down fall is although not precisely quantified but every 4-6 years you may see some huge turbulence.

Although there are n numbers of classical approach you could refer and try to identify at least the starting point of this spree and identify the end of it but the fact is that those classical approaches are mere theories.

When we dig too much into a theory created by us or someone we admire we start to believe in it and try to predict and analyze behaviors by using it. If we see any occurrence or instance of any behavior we basically observe some of the outcome or characteristics of the same. Those are mere dots and we connect them. As per our tenacity we try to accumulate as many dots as possible. Then we join them and think that we have found the solution. This re-engineering gives birth to lots of theories which are mere observations. As Steve jobs said the dots could only be joined in past not in the future.

But observations may help us identify the trends. Drowning Lehman Bros and Citi showed that the moment of panic has finally arrived which was a correct projection.

The million dollar question now in our plate is how we know whether the recession is over. More precisely what could be the signs (dots) by which we can see some lights in the horizon.

In the current circumstances companies have taken some major steps for their survival. From lay man's point of view we would see the changes most relevant to us. Like layoffs, salary cuts and lot of perks and facilities vanishing for most of us in our work place showed us where we are heading towards and the reverse of this may show us the other side of economic revival.

I personally feel that this may not be a pure indicator as the cost savings will help companies standardize their business. So now this global turmoil has also showed the companies some ways to streamline their operation and increase their productivity. Earlier productivity could mean a huge bonus for the management and employees now this would surely mean a huge income for the board members. Many of the CEOs and top executives are happy to show the dark side of the economy, they are pretty open to talk about salary cuts and cost savings.

But at last I am sure there would be a hope; things would change for most of the employed class. We should remember that boom of salary and jobs were driven by the huge need of quality talent. I am sure the same talent would drive the things high irrespective of whether the employee is rewarded enough in his organization. Options are always open for them. SO the biggest challenge a company may face in the near future is to maintain enough critical resources and hiring extra-ordinary employees.

But when there is hue that we have overcome the recession, you should know that the news is at least 6 months old :)